Key Event Details

  • Event Date: The Tahmar Energy Platform was launched on 9 July 2026.
  • Business Model: The platform operates through cooperative solar societies registered in Maharashtra where enrolled member consumers own identified solar generating capacity in offsite, society-operated solar farms. The benefit of such generation is set off against their electricity consumption.
  • Operational Structure: The Company operates the platform as a new business division (also styled "TAX-RE"). The societies hold project land on long-term lease and serve as counterparties for operation and maintenance.

Parties Involved

  • Service Provider: Axel Renewables Corp LLP (LLPIN ACE-5219, ROC Pune) engaged for market-development, customer-acquisition, technical, regulatory, land-sourcing and operational services.
  • Relationship Status: All arrangements are on arm's-length commercial terms. None of the parties engaged are related parties within the meaning of Regulation 2(1)(zb) of SEBI LODR Regulations, 2015.
  • Promoter Interest: No promoter or member of the promoter group has any interest in the engaged parties.

Rationale and Strategic Purpose

The entry into renewable energy is aimed at monetizing the Company's existing land and developing further green-energy initiatives, aligned with the Company's vision of building a renewable and environmentally sustainable business.

Regulatory and Compliance Status

  • Memorandum of Association: The activity falls within the existing objects of the Company's Memorandum of Association. No amendment to the objects clause is required.
  • Approvals Required: Registration of cooperative solar societies; open access, connectivity and metering approvals; and other applicable regulatory and statutory approvals.
  • Compliance Reference: Disclosure made pursuant to Regulation 30 of SEBI LODR Regulations 2015, read with Schedule III, SEBI Master Circular, and Industry Standards on Regulation 30.

Implementation Timeline

  • Current Status: Platform launched and member enrolment has commenced.
  • Initial Completion Target: Initial solar farm targeted for completion by the last quarter of calendar year 2026.
  • Future Expansion: Further capacity to be developed and energized in a phased manner thereafter.
  • Commencement Condition: Subject to registration of societies and obtaining all applicable regulatory approvals.

Financial Information

  • Investment Quantum: The Company's cash outflow/investment in the new line of business is not presently determinable and is not expected to be material.
  • Funding Source: Not specified in the disclosure.
  • Financial Impact: Impact on turnover/revenue and profitability is not presently ascertainable. The Company will make disclosure if and when the same becomes material or determinable.

Geographical Scope

The platform will operate within India, specifically in the State of Maharashtra, serving enrolled member consumers through offsite, society-operated solar farms.

Forward-Looking Statements

The disclosure contains forward-looking statements regarding future plans, timelines, and outcomes based on current expectations. These are subject to regulatory approvals and factors beyond the Company's control, with actual outcomes potentially differing materially.

Additional Information

  • Website Hosting: The disclosure is being hosted on the Company's website at www.tahmar.in in accordance with Regulation 30(8).
  • Address: 501-B, 5th Floor, Dempo Trade Centre, Panjim, Goa 403 001